April 13, 2015/Reuters Nigeria’s FBN Holdings said on Monday it expects loan growth at its banking unit to slow to 4 percent this year, down from 23 percent last year, as it shifts focus to short-term trade finance transactions. Chief Executive Bello Maccido said the top tier lender, with over […]
Money Market
Diamond Bank 2015 Q1 Post Tax Profit Dip 15.1%
By InvestAdvocate Lagos (INVESTADVOCATE)-Diamond Bank Plc on Monday said its first quarter (Q1) report for the period March 31, 2015 dipped 15.1 percent to N7.167 billion from N8.446 billion recorded in the corresponding period of 2014. Similarly, pretax profit declined 9.4 percent to N8.367 billion from N9.240 billion in the […]
Naira Trades N207 to Dollar in Black Market
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Monday traded N207 to a dollar in the black market which is an improvement recording 0.48 percent gain when compared to its previous day’s position of N208/$1. Proshare’s daily exchange rate monitor affirmed that the value of the naira against the dollar has […]
